Wizards sign Wall to contract extension

Washington, DC (Sports Network) - The Washington Wizards signed point
guard John Wall to a contract extension on Wednesday.

Terms of the deal were not disclosed but according to the Washington Post, the
contract is for five years and worth $80 million. The deal will kick in at the
start of the 2014-15 season and keep him in Washington until 2019.

"Since drafting John with the first overall pick, we have been impressed with
his maturation, hard work and commitment to our franchise," said Monumental
Sports and Entertainment Founder, Chairman, Majority Owner and CEO Ted
Leonsis. "He is the cornerstone of our team, and we have clearly expressed our
desire to build around him well before making it official by re-signing him
today. We are extremely confident in his leadership abilities and are excited
to see the continued improvement of the team."

Last season, Wall averaged a career-high 18.5 points and 44.1 percent
shooting, as well as a team-leading 7.6 assists in 49 games (42 starts). He
missed the first 33 games of the season due to a stress injury in his left
patella.

The first overall pick in the 2010 NBA Draft, Wall has career averages of 16.9
points, 8.0 assists, 4.4 rebound and 1.5 steals in 184 games. He is one of
four players in NBA history (Magic Johnson, Chris Paul and Damon Stoudamire)
to average at least 16.5 points, 7.5 assists, 4.0 rebounds and 1.5 steals over
the first three years of their career.

"I am both proud and humbled by the belief that the Wizards organization, the
fans and my teammates have shown in me since I arrived here three years ago,"
said Wall. "I can promise all of them that I will repay that belief by
representing the city of Washington and doing everything I can to get this
team back where it belongs."